Following reports in February, Alibaba has confirmed it will acquire the remaining shares in Ele.me, currently owned by investors such as JD.com, Tencent and Baidu.

Lytro, which had raised more than $200m from investors including Qualcomm, Foxconn and Huayi Brothers, has closed.

Qualcomm Ventures has exited agricultural management platform developer Strider in an acquisition of undisclosed size by Syngenta.

DC Thomson Ventures led the 3D game development platform's seed round four years ago, and has exited through an acquisition by Snap.

Uber will acquire a 27.5% stake in Grab as part of a deal where the latter will get its local operations, as a small number of players tighten control of the sector worldwide.

Qualcomm, Huayi Brothers and Foxconn are set to exit the light-field imaging technology developer in a deal reportedly worth between $25m and $40m.

Appulse Power, a spinout from University of Toronto, has been acquired by Silanna Semiconductor for an undisclosed sum.

Vermouth brand Belsazar is the first portfolio company of Diageo-backed accelerator Distill Ventures to be acquired by the corporate.

Salesforce has agreed to buy Mulesoft, a portfolio company that has more than doubled in value since its 2017 IPO, in a deal with an enterprise value of $6.5bn.

Boston Scientific has bought Emcision, a spinout from Imperial College London that is developing a range of surgical instruments.